1. MARKET WRAP
11.06.2012
Geojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 I
BSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012
2. The markets opened on a positive note and moved in a sideways manner
most of the day. The last hour of trade witnessed selling pressure to close for
the day in red.
Car sales in India grew at the slowest pace in seven months during May of
2.78% growth as reported by SIAM on the back of high interest rates and
higher petrol prices.
On the sectoral front, there was selling pressure in capital goods, healthcare,
realty, oil and auto while minor gains were seen in consumer durable and
FMCG. Fertilizer stocks continued to shine. Metal stocks gained on reports
that China’s imports of copper and iron ore grew more than 10% in May
2012.
Asian markets were trading in green on positive signals from the euro zone;
China’s trade surplus showed that last week’s interest rate cut was aimed at
domestic slowdown. Euro and oil gained. US stock futures gained.
Market Wrap
Geojit BNP Paribas Financial Services Ltd., Registered Office: 5th Floor, Finance Tower, Kaloor, Kochi -682017, Kerala. For investor queries: customercare@geojit.com, For grievances: grievances@geojit.com | SEBI Regn. Nos.: NSE: INB/INF/INE 231337230 I
BSE: INB 011337236 & INF 011337237 INSDL: IN-DP-NSDL-24-97 I Portfolio Manager: INP 000003203 I CDSL Regn no: IN-DP-CDSL-648-2012